RNDRUSDT at daily support, likely to head to 2.07

The price is trading close to daily support. It was rejected from the daily resistance and it immediately headed down. I expect the price to bounce from daily support DS1 and therefore a long is favorable from this zone. The price may dip further into the support zone. Therefore, as always, I will add to the position as price moves into that zone.

Trade chiuso: obiettivo raggiunto:

The price has rewached the 4h resistance zone 4HR1. That is also the target of our long trade. This concludes our trade. I expect some pullback here. If the price breaches this resistance which is possible, then there is a higher probabolity of a pullback from the daily resistancer DR1. Lets see if price reaches there then we can evaluate a short setup. Else if there is a pullback here then we shall look for a long setup on this pullback around 2.015. I will post the trade if I see that setup.